SP SETIA BHD

KLSE (MYR): SPSETIA (8664)

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Last Price

0.785

Today's Change

0.00 (0.00%)

Day's Change

0.775 - 0.785

Trading Volume

783,100


4 people like this.

3,985 comment(s). Last comment by dragon328 2 days ago

hantamking

2,504 posts

Posted by hantamking > 2021-03-24 16:33 | Report Abuse

dont believe this guy , create panic so good

hantamking

2,504 posts

Posted by hantamking > 2021-03-24 16:33 | Report Abuse

listen to him will go holland

Posted by mooninvestor168 > 2021-03-24 17:15 | Report Abuse

what's the story, once annual report released. straight drop.

hantamking

2,504 posts

Posted by hantamking > 2021-03-24 18:13 | Report Abuse

《Pang72》 are you sure Hoo9e? U sure steady ?

Posted by Mirage2000E > 2021-03-30 16:26 | Report Abuse

Hope reach $2 Soon .

Posted by JohanPertama > 2021-03-31 09:54 | Report Abuse

By June or July should be up following deployment of phase 3 vaccines

Posted by JohanPertama > 2021-04-05 08:53 | Report Abuse

https://www.theedgemarkets.com/article/developers-turning-more-upbeat-...—-maybank-ib-research

property sector up

Qwertyuiop

543 posts

Posted by Qwertyuiop > 2021-04-05 19:26 | Report Abuse

Recovery theme - property sector has been the most desperate one. So.. hehe

Keyman188

5,379 posts

Posted by Keyman188 > 2021-04-06 09:54 | Report Abuse

OMG...What is happening today ???.....

Is it MRT 3 project empowerment effect !!!...........

Is it ECRL project empowerment effect !!!...........

Keyman188

5,379 posts

Posted by Keyman188 > 2021-04-06 15:11 | Report Abuse

OMG...finally break 1.20 liao...

Next visit target range 1.38 ~ 1.41 level...

Cheers..........

Moustache

169 posts

Posted by Moustache > 2021-04-06 21:00 | Report Abuse

Hold tight, uptrend just start. Nta 2.9. Still damm undervalue.

ringlife

114 posts

Posted by ringlife > 2021-04-14 15:49 | Report Abuse

what happen? day by day going down?

drago_7

365 posts

Posted by drago_7 > 2021-04-15 16:22 | Report Abuse

1. Covid cases rising;

2. Inter-state travel still continues; and

3. Market sentiment.

Ninja _07

291 posts

Posted by Ninja _07 > 2021-04-22 10:58 | Report Abuse

AGM going on well

Ninja _07

291 posts

Posted by Ninja _07 > 2021-04-22 10:58 | Report Abuse

Seems like they’re in the right track

Keyman188

5,379 posts

Posted by Keyman188 > 2021-04-26 08:42 | Report Abuse

S P Setia’s projects see good response in 1Q21

(theedgemarkets.com / April 23, 2021 12:48 pm +08)

KUALA LUMPUR (April 23): S P Setia Bhd kick-started the year with positive take-up rates for its residential products in the first quarter of 2021 (1Q21), despite the weak property market sentiment during the pandemic.

Acorus at Setia EcoHill 2 in Semenyih was launched via a special online preview, which saw its two-storey 20ft by 65ft terraced houses fully sold before Chinese New Year. As a result, Acorus 2 was launched in March and achieved a take-up rate of 70% during the first day of its launch.

Moreover, the latest phase of Setia Alam's Bywater Homes collection called Plenum, comprising two-storey 22ft by 70ft terraced homes, was also launched online in mid-March and the units were fully booked within an hour.

“We are elated by the overwhelming response received for Plenum attributed to the Covid-19 pandemic where there is higher realisation and demand for homes in matured townships that are safe and secured, surrounded by a variety of amenities and seamless connectivity infrastructures,” said Bandar Setia Alam divisional general manager Tan Siow Chung in a press release today.

“With Plenum fully taken up, we are focusing on our latest serviced apartment offering, Setia City Residences, located adjacent to Setia City Mall, which recently opened its new wing, making it the largest mall in Shah Alam. Also in the pipeline are the last phases of the Bywater Homes collection targeted to be launched by this year,” added Tan.

Melodia1 in Alam Impian, Shah Alam, which consists of two-storey terraced homes measuring 22ft by 75ft with modern contemporary designs, is 99% taken up since its launch in January this year. Following Melodia1's success, Melodia2 is slated to be launched in 2Q21.

Following its launch in March, Carissa at Bayuemas in Klang, which offers 82 double-storey terraced homes (from 24ft by 70ft), has achieved a take-up rate of 90% within the same month.

Meanwhile, S P Setia's premium-range properties also made noteworthy achievements in attracting homebuyers and investors alike.

With a gross development value (GDV) of RM156 million, Glades of Westlake — a unique modern-oriental concept and the second last island phase of Setia Eco Glades in Cyberjaya — was launched end-March with almost 70% of its double-storey 41ft by 85ft semi-detached homes (priced from RM1.8 million) and 59ft by 85ft bungalows (priced from RM3.1 million) booked within three weeks after the launch.

Divisional general manager Goh Tzen Sernz said the good take-up for the premium offerings was a testament to the faith homebuyers have in the Setia brand and its lifestyle offerings. “We are confident that the demand will continue to rise for such products as more homebuyers are opting for a better living environment, not just to live, but also to work.”

Setia Eco Park's Phase 1B of Precinct Arundina in Shah Alam was launched at the end of March, and its two-storey semidees (from 32ft by 75ft) with prices starting at RM1.3 million are 70% taken up within a month. It has also recently completed the central park, which will form the green lung of the development with natural waterways and greenery to foster a healthy communal lifestyle.


## https://www.theedgemarkets.com/article/s-p-setias-projects-see-good-re...

Sharefisher

4,880 posts

Posted by Sharefisher > 2021-04-27 19:22 | Report Abuse

Hmmmmm..... Keyman88.... I also checking this counter now.. .. Haha ha... Wait first... Two days last minute 5000 lots buying... Interesting..

Qwertyuiop

543 posts

Posted by Qwertyuiop > 2021-05-05 19:19 | Report Abuse

When the market no one wants property stocks, it is time. :)

nisah395

155 posts

Posted by nisah395 > 2021-05-07 20:15 | Report Abuse

Agreed

Qwertyuiop > When the market no one wants property stocks, it is time. :)
05/05/2021 7:19 PM

Keyman188

5,379 posts

Posted by Keyman188 > 2021-05-07 20:21 | Report Abuse

S P Setia sells Johor land to Scientex for RM518.1m

(theedgemarkets.com / May 07, 2021 18:31 pm +08)

KUALA LUMPUR (May 7): S P Setia Bhd is selling eight parcels of plantation land in Johor to Scientex Bhd for RM518.1 million.

S P Setia said in a bourse filing its wholly-owned subsidiary Pelangi Sdn Bhd had entered into a conditional sale and purchase agreement with Scientex’s wholly-owned subsidiary Scientex Quatari Sdn Bhd for the disposal.

“The approximately 960 acres of freehold land is located in Mukim of Tebrau, district of Johor Bahru and registered for agricultural use. It is currently home to matured oil palm trees,” it said.

According to S P Setia, the sale consideration is arrived at between the parties on a “willing-buyer willing-seller” basis after taking into consideration the market value of the lands of RM480.8 million.

S P Setia’s president and chief executive officer Datuk Khor Chap Jen said the sale of the lands is part of the group’s business strategy to improve efficiency by monetising some of the land bank to be ploughed back into its other project developments for immediate launches as well as paring down debt or other use deemed fit by the company.

“It is expected to contribute positively to S P Setia’s profits for the next few years,” he said.

According to him, S P Setia currently has 11 ongoing projects in the Southern region, and post-sale of the above, the group will still have an effective total remaining land bank of approximately 7,569 acres.

“Our focus for this financial year is to optimise the current landbank utilisation and by launching properties that are in demand within our matured townships,” he said.

In a separate statement, Scientex said the proposed acquisition represents a strategic investment opportunity to increase and boost its existing land bank.

“The close proximity between Scientex’s existing developments and the proposed development will enable Scientex to generate better operational efficiencies through greater economies of scale to be achieved during project implementation,” it said.

It also said the landbank expansion is in line with the goal of Scientex to build more affordable homes with an objective of completing 50,000 affordable homes throughout the nation by 2028.

“The land is expected to provide a steady and sustainable property development model as Scientex continues to focus on affordably priced landed properties, for which demand continues to remain firm and resilient,” it said.

The group also noted the proposed acquisition will be funded by internally generated funds and bank borrowings.

The proposed acquisition is expected to be completed in the first half of 2024, it added.

S P Setia’s share price gained three sen or 2.91% to close at RM1.06 today, valuing the group at RM4.3 billion. Meanwhile, Scientex went up two sen at RM4.13, valuing the group at RM6.4 billion.


## https://www.theedgemarkets.com/article/s-p-setia-sells-johor-land-scie...

Keyman188

5,379 posts

Posted by Keyman188 > 2021-05-07 20:21 | Report Abuse

Management really did the right decision...right planning...


CHEERS...........

Ntpboon

658 posts

Posted by Ntpboon > 2021-05-11 14:17 | Report Abuse

股价烂了卖地皮?

Beetles

75 posts

Posted by Beetles > 2021-05-11 22:21 | Report Abuse

Surprisingly today Setia traded volume quite high and still able to stay flat. Really amazing, it is something brewing ?

Beetles

75 posts

Posted by Beetles > 2021-05-16 16:54 | Report Abuse

Guys, any idea when is coming QR ?

drago_7

365 posts

Posted by drago_7 > 2021-05-22 10:19 | Report Abuse

Sape beli semalam waktu panic-selling untunglah ....

Posted by YouNeedTrust > 2021-05-25 13:11 | Report Abuse

QR out

collie

203 posts

Posted by collie > 2021-06-08 14:50 | Report Abuse

here we go!!

nasgee

427 posts

Posted by nasgee > 2021-06-08 14:56 | Report Abuse

yesss...till 1.20

Sharefisher

4,880 posts

Posted by Sharefisher > 2021-06-09 13:08 | Report Abuse

Monitoring........ Waiting...

Qwertyuiop

543 posts

Posted by Qwertyuiop > 2021-06-14 15:24 | Report Abuse

Any idea on how rising building materials cost impact property developer? Will them pass down the inflated costs to the buyers, causing the property prices too increase soon?

nasgee

427 posts

Posted by nasgee > 2021-06-18 11:03 | Report Abuse

nowww vromm

Posted by YouNeedTrust > 2021-06-18 17:03 | Report Abuse

why suddenly surge 4 sen on closing?

Investorrr

517 posts

Posted by Investorrr > 2021-06-18 17:25 | Report Abuse

3rd wave up the strongest wave

cg14134

458 posts

Posted by cg14134 > 2021-06-18 23:53 | Report Abuse

Technically ready to shoot UP!

apokjak

29 posts

Posted by apokjak > 2021-07-04 23:56 | Report Abuse

Will reach rm1.20 this week

drago_7

365 posts

Posted by drago_7 > 2021-07-05 10:53 | Report Abuse

You have a crystal ball with you..?

Ntpboon

658 posts

Posted by Ntpboon > 2021-07-05 15:33 | Report Abuse

--------------------------
----------------------------

美国开动印钞机大水漫灌,

许多国家的屋价都涨,

唯独大马没动静 ?

-------------------------------------

drago_7

365 posts

Posted by drago_7 > 2021-08-04 14:41 | Report Abuse

Cantik..~ Mahyuddin agreed to test his numbers in Parliament in Sept. Yes~!

Posted by YouNeedTrust > 2021-08-18 13:35 | Report Abuse

QR out 75 mil PAT

drago_7

365 posts

Posted by drago_7 > 2021-08-18 14:22 | Report Abuse

Cantik profit.. resistance counter during political crisis~!

Keyman188

5,379 posts

Posted by Keyman188 > 2021-08-18 14:45 | Report Abuse

Wahhh...3 consecutive quarter can produce profitable results....

BRAVO...OLEH...OLEH...OLEH...

Keyman188

5,379 posts

Posted by Keyman188 > 2021-08-19 15:20 | Report Abuse

Keyman188 still holding average cost about 0.66++...

NO PLAN to sell unless can reach above 2.80...

Never mind...Keyman188 can forgive you since you can't understand this company......


wkwkwk...kekeke...hehehe...



Posted by Gtrade > Aug 19, 2021 3:13 PM | Report Abuse

spsetia debt/cash =9 Loan= $13,000,000,000

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-19 17:12 |

Post removed.Why?

Investorrr

517 posts

Posted by Investorrr > 2021-08-23 17:47 | Report Abuse

sp breakout with volume today,start to move from the impovesive waive 3

Posted by Hamsyari > 2021-08-27 17:19 | Report Abuse

Ceo passed away :(

Posted by silentWolf > 2021-09-01 18:29 | Report Abuse

Come on spsetia..ijm..

Keyman188

5,379 posts

Posted by Keyman188 > 2021-09-07 10:23 | Report Abuse

OMG...today break 1.20 again...

BRAVO...OLEH...OLEH...OLEH...

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